Definition and Explanation Sample Clauses
The "Definition and Explanation" clause serves to clearly define specific terms and concepts used throughout the contract. It typically lists key words or phrases and provides precise meanings for each, ensuring that all parties interpret the language consistently. By establishing these definitions upfront, the clause eliminates ambiguity and reduces the risk of misunderstandings or disputes over terminology during the contract's execution.
Definition and Explanation. 1.1 In this contract, the connotations of the following terms are as below:
A. Interest payment date: Party B pays interests in corresponding interest period to Party A within the interest period.
B. Interest period: the period from the drawing date to any time within the maturity date when Party B repays account receivable at lump sum or by installment, and pays interests of account receivable. Where the interest repayment date is not banking day, it will be postponed to the next banking day.
C. Execution date of contract: March 18, 2016
D. Drawing day: the date when the borrower actually draws loan under this contract.
E. Expiry date of contract: Sep. 17, 2016
F. Banking day: the business day of banks in the People’s Republic of China (excluding Saturday or Sunday).
Definition and Explanation. 1.1 In this agreement, unless the context requires otherwise, the following phrases have the following meanings: ACU Bullion: Including ACU Bullion Limited and its successors and assigns. managers, new partners and their executors and estate managers during the period of the account, and the heirs of the partnership enterprise; if the client is a company, then Including the company and its heirs. ACU Bullion Internet Services: refers to the online transaction services provided by ACU Bullion, any information contained in the service system and the software that constitutes the system. transactions each time a transaction instruction is issued or before. This amount may be regulated by ACU Bullion from time to time. Bullion The content published by ACU Bullion Industry on its official website.
Definition and Explanation. 1.01 Unless otherwise defined in the context or elsewhere, the terms used in this Agreement shall have the following definitions:
Definition and Explanation. 1.1 In this contract, unless otherwise expressly stated, the following terms are defined as follows: Bank of Beijing Internet BankingSystem (or e-banking system): it is a new service means combining traditional banking service and modern banking service, which means that Bank of Beijing provides and installs client software based on Intermet network or other public networks to clients, and clients submit demand instructions to the deposit bank through the client software, so as to realize the payment, inquiry and other business needs of the Bank of Beijing to the public business service system.
Definition and Explanation. The technical term for this contract is list below:
Definition and Explanation. The technical term for this contract is list below:
a) Power Plant: The address for the power plant is listed below: N▇.▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Range, Heilongjiang Province. The actual amount of power annually: the amount of electricity power that seller transmitted to the buyer at the meter each year.
b) Annual contract power consumption: The electricity purchase amount for each year
c) Scheduled outage: The power plant is in the state of planned repair period, including the holiday repaired plan and so on.
d) Out of scheduled outage: The power plant is disabled but off the plan.
e) Available hour: The number of hour that power unit is in service
f) Responsibility of the buyer: Any activity that out of the line is due to buyer’s responsibility
g) Emergency circumstances: Any accident happened for the power plant
h) Work day: Any workdays except national holidays
i) Force Majeure: Neither of the Parties will be liable if, as a result of force majeure – in particular natural catastrophes, war, unrest, industrial action, business shut down or interruption – by reason of extreme factors, administrative measures or other events outside the Parties’ control, it is prevented from fulfilling this Contract.
j) The date of this contract refers to the Gregorian calendar.
k) The definition of “include” in the contract: including but not limited to.
Definition and Explanation a. Definition - Performance Share Plan grants are denominated in share equivalents called “units,” and are earned and paid as ▇▇▇▇▇▇▇-▇▇▇▇▇▇ (“CW”) common stock as soon as practicable after the end of the Performance Period: the three fiscal years beginning January 1 the year of the Grant Date and ending December 31 of the third year (the Performance Period), contingent upon the extent to which previously established performance objectives are achieved over the Performance Period. One unit is equal to one share of common stock.
Definition and Explanation a. Definition – Restricted Stock Units (RSUs) are grants which are denominated in share equivalents and earned as ▇▇▇▇▇▇▇-▇▇▇▇▇▇ common stock on the third anniversary of the Grant Date (the “Vesting Date”), in accordance with the terms and conditions outlined in this Agreement. The RSUs will include the right to an amount equivalent to the dividends declared on Corporation stock during the restricted period (“dividend equivalents”) which shall be deemed reinvested into additional RSUs.
Definition and Explanation. The technical term for this contract is list below:
a) Power Plant: The address for the power plant is listed below: ▇▇.▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Range, Heilongjiang Province.
b) The actual amount of power annually: the amount of electricity power that seller transmitted to the buyer at the meter each year.
c) Annual contract power consumption: The electricity purchase amount for each year
Definition and Explanation. In the contract, except that there are other explanations or implications in the context, the following words and phrases bear the following meanings:
1.1 The borrower/ W▇▇▇▇ ▇▇▇▇▇▇▇ Jewelry Company: refers to W▇▇▇▇ ▇▇▇▇▇▇▇ Jewelry Co., Ltd. and its legal successor.